Regional investment network Northwest Energy Angels announced Tuesday that the group invested $4,696,500 in 15 cleantech companies in 2012 — the biggest investment year since the group was founded in 2006.

In 2012, Northwest Energy Angels backed eight new investments and made follow-on commitments to seven companies. The companies were based in Oregon, California and Maryland. The group also saw a successful exit by one of its earlier investments, Portland-based Virticus, which was purchased by LSI Industries Inc.

"While overall investments in cleantech may have been down, the need to find solutions to climate change has never been greater," said Lars Johansson, co-chair of the Northwest Energy Angels, in a press release. "We will continue to be a unique and valuable resource for clean technology entrepreneurs seeking seed capital for innovative new products and technologies."

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